Colony NorthStar, Inc. Announces Redemption of 8.500% Series D Cumulative Redeemable Perpetual Preferred Stock
COLONY NORTHSTAR INC (CLNS)
Last colony northstar inc earnings: 5/10 06:30 am
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US:NYSE Investor Relations:
ir.clns.com
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Source: Business Wire
LOS ANGELES & NEW YORK--(BUSINESS WIRE)-- Colony NorthStar, Inc. (NYSE: CLNS) (“Colony NorthStar” or the “Company”) today announced that it is redeeming all of its 8,000,000 outstanding shares of 8.500% Series D Cumulative Redeemable Perpetual Preferred Stock (NYSE: CLNSPrD) (the “Series D Preferred Shares”). The cash redemption price for each Series D Preferred Share is $25.00, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date of July 2, 2018 (the “Redemption Date”). Dividends on the Series D Preferred Shares will cease to accrue on the Redemption Date. Upon redemption, the Series D Preferred Shares will no longer be outstanding, and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. Upon redemption, the shares of the Series D Preferred Shares will
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